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Simple English definitions for legal terms

lost-volume seller

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A quick definition of lost-volume seller:

A lost-volume seller is someone who sells goods and then has a buyer breach the contract. Instead of losing out on the sale, the seller resells the goods to someone else who would have bought them anyway. The seller can then claim lost profits from the original buyer's breach, rather than just the difference between the contract price and market price.

A more thorough explanation:

A lost-volume seller is a seller of goods who resells the goods to a different buyer after the original buyer has breached a sales contract. The goods sold to the second buyer would have been sold to them even if the original buyer had not breached the contract.

For example, if a car dealer sells a car to a buyer who later breaches the contract, the dealer can resell the car to another buyer who would have bought the same car from the dealer's inventory. In this case, the dealer is a lost-volume seller and is entitled to lost profits as damages from the original buyer's breach.

The Uniform Commercial Code (UCC) § 2-708(2) provides that a lost-volume seller is entitled to lost profits, rather than contract price less market price, as damages from the original buyer's breach.

lost-sales-of-unpatented-items theory | lost will

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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